$ENTS FOR YOUR DOLLAR

So I dont know if anyone is aware, but the iTunes store charges taxes. Yes, I was appalled too that if you actually shell out money to buy a song, that 99 cent song is actually $1.06. Which is really pretty ridiculous considering that someone would actually buy a song to begin with and [...]

NYT has a good article on the next new baller occupation. Piracy.
Of the boating kind.
All you need is three guys and a little boat,
and the next day you’re millionaires,
said Abdullahi Omar Qawden, a former captain in
Somalia’s long-defunct navy.
Pirates are now at the top of the town’s social class,
the only ones with money for Western-made [...]

After the stock falling 4.3% yesterday, and the billions of writedowns, the layers of lay-offs, UBS gives employees a…day off!
Which sounds about as good as a wolf giving away a free trip to mehico. Great news, but you know at some point it will claw your eyes out and drag your carcas into a cave [...]

“Ibankers make like less money than the people at McDonalds when you break it down by the hour”
True? No.

For entry-level investment bankers, the best case scenario happened this past year in 2007. Base salaries were $60,000 and bonuses were $90,000, for a grand total of $150,000 in compensation. Not bad for recent college [...]

Below, is a a breakdown of alums into undergraduate and graduate degrees from the 6 PE firms mentioned above (Blackstone, Carlyle, Bain, Silverlake, Warburg and PEP). In cases where an employee receives undergraduate and graduate degrees from the same institution.
#1 Harvard University
Undergraduate: 62
Graduate: 165
TOTAL: 227 (#1 overall)
#2 University of Pennsylvania
Undergraduate: 61
Graduate: 52
TOTAL: 113 (#2 overall)
#3 [...]

Salary and Bonus Compensation database for 2007 via Trader Monthly.
Credit Derivatives
Associate (1–2 years) $70,000–$80,000 $80,000–$100,000 –14%
Associate (3rd year) $80,000–$90,000 $175,000–$200,000 -6%
V.P. $100,000–$125,000 $500,000–$600,000 -8%
Director $150,000 $1 million–$2 million -12%
MD $200,000–$250,000 $1.7 million–$2 million -5%
Position Total Compensation
Global Head $6 million
Head of Americas $3 million–$4 million

From now until Monday midnight (12 a.m. EST Tuesday, February 26, 2007), get 25% off Vault
Gold Membership, Guides, or Career Services with the special member coupon code below:
Your coupon code is 25Vault12.
———————————————————————————————–
Not sure if this is shareable…but I’d be willing to go in with someone to split the membership

Limited Time Discount
3-year subscription: $5.95/month [Was $6.95/month!]
2-year [...]

For you interviews…..and mines.
One of the harder questions I received during an interview was -
“if there is a mont blanc pen hidden among 2 exact looking replicas, after you pick one of the pens, would you want to switch?”
The answer is always yes. See below for solution. The interviewer himself got the answer wrong. Sadly, [...]

Compensation Data Points*
LBO Firms Base Salary Salary + Bonus Carried Interest (% of fund)
Partner 180 900K 280K 2.2M 3.6
Principal/VP 125 190K 165 380K .5 1.5
Associate 85-125K 120 190K Up to .5
Analyst 65-80K 80-120K Rarely
Venture Firms Base Salary Salary + Bonus Carried Interest
(% of fund)
Partner 200K 1M 250K 2.5M 1.5-6
Principal/VP 140-250K 150-370K .5-1.5
Associate 75-150K 90-175K Up [...]

Pop quiz hot shot - Who makes more? UPS driver or a Doctor?
Well, either answer is close.
A lot is assumed, but they would make about the same amount after 27 years…..

So why does it seem like the doctor is living a baller lifestyle?
My guess is that UPS drivers, like most other people, tend to [...]